Beginning September 1, State Farm will offer a total 6.3% discount to insureds whose homes meet all of the state's Safer from
Wildfires regulations. Currently, the insurer offers a 7% discount to these policyholders. (Photo: Diego M. Radzinschi/ALM)
California Insurance Commissioner Ricardo Lara has approved a request from State Farm to reduce the discounts that it offers homeowners for implementing wildfire mitigation measures. Beginning September 1, 2024, the insurer will offer a total 6.3% discount to insureds whose homes meet all of the state's Safer from Wildfires regulations. Currently, State Farm offers a 7% discount to these policyholders.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brittney Meredith-Miller
Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].
